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October Cargo Volumes Remain Strong

October Cargo Volumes Remain Strong

Cargo volumes at the Port of New York and New Jersey (PONYNJ) achieved year-over-year growth for the 13th consecutive month in October 2015. October container moves totaled 311,992 units, a 1.7 percent increase over October 2014. October tallies put the port’s year-to-date, container numbers ahead of 2014 by 11 percent, which amounts to an additional 307,373 container units.

On the import side, loads for the month totaled 154,667 lifts. While down 1.7 percent from October 2014, import loads remain ahead of 2014 by 9.8 percent. Export loads for the month totaled 66,351 lifts, down 6.4 percent compared to October 2014 levels. Year-to-date, export loads are down 1.8 percent overall. Volume for empty containers is up 26.7 percent year-to-date. For the month of October, empty container volume was up 16.8 percent.

At 48,859 lifts, October intermodal volumes hit an all-time monthly high. Also, when reviewing year-over-year trends, October was the 26th consecutive month for year-over-year rail growth. October rail volumes topped 2014 volumes by 13.8 percent. For the year, rail volume is up 12.5 percent.

Auto volumes also continued to rise in October — up 21.9 percent compared to 2014. For the year, autos are up 23 percent. The increase is due in part to the Auto Incentive Program, which was launched in 2014 to provide financial incentives to auto manufacturers who bring new or increased vehicle business to the port.

For more information on the Port of New York and New Jersey, please note the following links:

A schedule of our marine terminal tariffs can be found here:ow.ly/T7I2E

Monthly loaded containers in TEUs and total ExpressRail lifts by month are listed here:ow.ly/T7GPX